After the development of Greater Noida, Noida, and the Yamuna Expressway, it is time for the capital of Uttar Pradesh Lucknow to show growth in real estate. Compared to Tier I cities, real estate is growing in Tier II cities such as Kanpur, Lucknow etc. as more numbers of companies are shifting to these cities for exploring the low-cost operations. A lot of developers who work in the NCR region are showing interest in the peripheral city such as LUCKNOW. In terms of supply and demand in the real estate sector, Lucknow is quite promising. The capital value of apartments has noted a median escalation of roughly 10 to 15 percent within the city and the values continue to appreciate.

The expanding demand for flats in the housing system has already led to an expansion of suburban areas such as KANPUR ROAD as newer corridors of growth. The rapid growth of the IT sector, and MSMEs or micro, small and medium enterprises, cost-effective property values and infrastructural development are some of the important attributes which fuel the real estate sector. Prominent developers such as PSS BUILDERS have launched their housing projects in Lucknow already. For now, the company is involved in the development of a township in Lucknow called DEFENCE ENCLAVE A lot of the upcoming projects are meant for high-middle and middle-class people. Moreover, to meet the housing demand in the city, the LDA or Lucknow Development Authority has started numerous affordable residential schemes. The newer segment is showing good transactions. Not only is there housing demand from Lucknow, but also northern cities. The HNIs and NRIs are showing interest too in the forthcoming luxury segment in the city. There has been a rise of almost 20 percent in the actual number of transactions in the last 6 months.

A lot of redevelopment projects are coming up in the private-public partnership mode. Many of them are located in premium areas of Lucknow such as Plot At Kanpur Road, The lifestyle feature demand has led to real estate players to bring on renovation plans in the existing housing section. A noticeable shift has been seen in preferences of buyers and most of them are choosing apartment housings over row house in Lucknow. The real estate sector in Lucknow is expanding very fast on the growth trajectory and it has become a real estate hot spot.

Lucknow is mostly known as the City of Nawabs and in recent times its real estate is growing fast enough to match that of Tier I cities. Because of the availability of large land banks, more numbers of developers are taking interest in the city. The large availability of lands leads to the sustained development of flats in Lucknow. The city attracts both investors and end-users at the same time because of world class offerings and unmatched infrastructure in numerous segments.

A day after RERA’s (Real Estate Regulation Act) website got launched in UP, less than 3% builders could enroll under it because of ignorance about their own projects. Contrary to builder’s belief that the registration process would be simple like before, the website is asking for very minute details of each tower, floor, flats, and phase of the project which most of the builders don’t seem to know.

As per industry estimates, there would be over 10,000 builders in the state who should be registering with the website till July 31. But as of July 27 night, only about 300 builders and even fewer projects — about 85 works — could get registered. Awas Bandhu, government setup which has created the website and is supervising registration activities, has received hundreds of calls from builders on July 27 asking about every step of registration. Most of them were astonished to see the specific details website was inquiring about.

An Awas Bandhu official said, “Many builders didn’t know details of their projects. Earlier, they just knew the type of flats and their rates, but now they need to give details of every floor, their flat types, their areas and respective rate etc. The website seeks information about the beginning of construction and the completion date too. While many were hesitant to fill in this information, others didn’t know the details.”

Given this slow pace of registration process, Awas Bandhu expects just about 500 online projects to be registered by the deadline. The site also covers registration of agents and brokers which form a major part of the real estate industry. Even among agents, only 180 people registered till date while there are a large number of such agents operating in every city. The Act is believed to bring all construction activities under government scanner and regulate builder’s activities thereby ensuring timely completion and quality construction to the consumer.

Lucknow Metro gets lion’s share of Uttar Pradesh Budget

With UP government allocating Rs 288 crore for Metro rail projects in the state, Lucknow Metro — whose priority section is ready for the commercial run anytime in July — has received a lion’s share of Rs 233 crore. Sources told TOI that this is the last installment for Lucknow Metro them from state government’s coffer under equity. It has already paid over Rs 1,000 crore to the project in the past two years.

Metro officials said, Since Central funding came in late, project’s earlier expenses were met out only by the state government. We had requested for the last installment of Rs 233 crore this year, which hopefully has been sanctioned and approved in this budget.For any investment in Residential and Commercial Property to provide effective returns, the chosen location should have the good social infrastructure, adequate public transport, and sufficient economic activity to sustain development and growth. These parameters apply to investments in non-agricultural land approved for Residential and Commercial development, as well as House for Sale in IIM Road Lucknow.

However, to mitigate risks, one should stick to tier-1 and select tier-2 cities only. It is also prudent to invest in properties, where the prices range between Rs 2,500 and Rs 5,000 per sq ft, as this will provide protection against capital value erosion. Simply put, this is a safe price segment and almost guarantees capital appreciation.

In 2017, the Centre has released about Rs 446 crore and the state had to give Rs 233 crore. Lucknow Metro officials said that the allocation would help complete the project timely by March 2019.

“Since all tenders on North-South corridor have been issued, the fund will help in making faster payments to our contractors — be it coaches, signaling, underground section or second elevated stretch from KD Singh Babu Stadium to Munshipulia.”

Agra-Lucknow Expressway property market

: An overview

Agra-Lucknow Expressway is an important Expressway of north India, connecting Lucknow to Delhi via Agra with Yamuna Expressway. It is one of the fastest growing housing corridors in Lucknow Region.

Agra-Lucknow Expressway is developing into a hub for investment. Numerous developments in this region could initiate a new wave of infrastructural growth and progress, giving a boost to connectivity. Developers and the buyers of residential and commercial properties on Agra-Lucknow Expressway, would not only have the advantage of improved connectivity but will also see appreciation in prices.

Agra-Lucknow Expressway is well-equipped with civic amenities like schools, banks, parks, and other social hubs. Metro connectivity is also being under Process on this route. Therefore, the demand for property has gone up in the area.

Builders in Agra-Lucknow Expressway such as Pss Builders Pvt. Ltd. are actively coming up with several luxurious and affordable projects in the area.

Connectivity with nearby Agra-Lucknow Expressway

The six-lane Link Road, which is being constructed, will provide direct connectivity to commuters moving towards Agra and Delhi from Lucknow so easily. The nearest airport to the area is Amausi Airport, which is situated at a distance of just 9.5 kilometers from the area.

The execution of the Goods and Services Tax (GST) is relied upon to realize a noteworthy change in the tax collection structure of India. Right now, the focal and different state governments force imposes on the make and buy of merchandise and enterprises. The sweeping GST should get rid of the different duties that consume a wide opening in individuals’ pockets and forestall twofold tax assessment. At introduce, shoppers bear a 25–30% of taxation rate on the buy of products. GST is booked to come into compelling on July first this year.

As much as the advantages of this new assessment administration are broadly talked about, it is as yet not clear how GST will affect the land segment, particularly minimal effort, and reasonable lodging. Land specialists crosswise over appear to be attempting to get their heads around on how this part is required to get affected by the usage of GST.

To comprehend this GST – land problem, we might separate the parts of tax assessment in the area. Right off the bat, we should comprehend that Service Tax, which goes to the focal government, is relevant for just properties that are under development. This expense is imposed on a rate of the aggregate cost of the said property. Land cost is excluded in the figuring of Service Tax. Thus, as of now, there is a 75% reduction on under-development properties esteemed at not as much as Rs 1 crore and 70% on such properties that cost more than Rs 1 crore, similar to the top of the line extravagance condos in Bangalore. In both these cases, Service Tax is ascertained on just the staying 25% and 30% of the gross estimation of the property.

VAT too is appropriate on properties that are being built, yet are payable to the state government. This assessment is required for the offer of the house property and includes the exchange of possession to the purchaser. Nonetheless, this assessment structure shifts starting with one state then onto the next, in the scope of 1–5%. Specialists are of the supposition that the usage of GST won’t just improve the assessment structure in the land, additionally decrease the extension for the case.

Stamp obligation, which is not going to be incorporated into GST, is ascertained as a rate of either the concurred estimation of the property or the base cost at which the property can be executed, contingent upon which esteem is higher. A few specialists trust that stamp obligation is a decent income generator for state governments and is along these lines avoided the ambit of GST.

Passing by the comprehension of GST versus land, specialists accept under-development properties to be entirely costly after July 1, 2017. In any case, they recommend to hold up and watch until the assigned date to see the rate of GST to be executed and its resultant effect on land costs before making conclusions.

U.P. government’s exercise to reduce the difference between black and white transactions has ended in a whimper which was cleared at a cabinet meeting by CM . It had 200% hike in upscale colonies of Cat A like Pss Builders”s Real Homes “House For Sale In IIM Road Lucknow” and Shagun City “Property projects in Lucknow” Cat B like, Defence Enclave “Plot at Kanpur Road” hike is 50% and for the rest just 22% as against the proposed 30%. The circle rates, which are meant for valuation of land and immovable properties for charging stamp duty, were first introduced in the city on May 18, 2012. The rates were revised earlier in February 2017 and July 2017.

The 200% hike in A category colonies means a revision from Rs 2.15 lakh to Rs 6.45 lakh per square meter. The market price in every colony in Lucknow continue to be much higher. For instance, in Real Homes, the per sqr meter rate is around Rs 10 lakh and inShagun City Rs 12 lakh. Moreover, this is unlikely to have a big impact on revenue as these areas don’t see many sales and purchases. The 50% hike for colonies of Category B – mostly the upscale ones in South Lucknow like Mohan Road, Agra-Lucknow Expressway, Kanpur Road and North Lucknow’s IIM Road —is not enough as the prevailing circle rate is already a low Rs 136,400 per sqm. The market rates in colonies like Real Homes are in the range of a minimum of Rs 5 lakh to Rs 6 lakh per sqr meter.

Though there is a lot of variance in the properties in Different categories, the uniform hike of 22% as against the proposed 30% takes the sting out of the exercise. CM said: “In order to curb the flow of black money, it has become imminent to rationalize the minimum circle rates. It was also felt that present circle rates in Lucknow are quite low in comparison to the NCR cities like Noida, Gurgaon, and Faridabad. Moreover, the circle rates in these towns are being revised frequently after an interval of five-six months.”

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Real home is an astonishing township, positioned IIM Road, Lucknow, is presented by PSS Builders with an incredibly tranquil environment, we provide theHouse for sale in IIM Road Lucknowdelivering a wholesome living experience. Our masterful team endeavors to present you a lifestyle that will elevate you above all others. An impressive range of homes that are blessed with pristine nature, sophisticated innovation, opulent facilities and exotic comfort.

A lot of redevelopment projects are coming up in the private-public partnership mode. Many of them are located in premium areas of Lucknow such as aHouse for sale in IIM road Lucknow. The lifestyle feature demand has led to real estate players to bring on renovation plans in the existing housing section. A noticeable shift has been seen in preferences of buyers and most of them are choosing apartment housings over row house in Lucknow.

After the development of Greater Noida, Noida and the Yamuna Expressway, it is time for the capital of Uttar Pradesh Lucknow to show growth in real estate. Compared to Tier I cities, real estate is growing in Tier II cities such as Kanpur, Lucknow etc. as more numbers of companies are shifting to these cities for exploring the low-cost operations. A lot of developers who work in the NCR region are showing interest in the peripheral city such as LUCKNOW. In terms of supply and demand in the real estate sector, Lucknow is quite promising. The capital value of apartments has noted a median escalation of roughly 10 to 15 percent within the city and the values continue to appreciate.

The expanding demand for flats in the housing system has already led to an expansion of suburban areas such as KANPUR ROAD as newer corridors of growth. The rapid growth of the IT sector, and MSMEs or micro, small and medium enterprises, cost effective property values and infrastructural development are some of the important attributes which fuel the real estate sector. Prominent developers such as PSS BUILDERShave launched their housing projects in Lucknow already. For now, the company is involved in the development of a township in Lucknow calledReal HomesatHouse For Sale in IIM Road LucknowA lot of the upcoming projects are meant for high-middle and middle-class people. Moreover, to meet the housing demand in the city, the LDA or Lucknow Development Authority has started numerous affordable residential schemes. The newer segment is showing good transactions. Not only is there housing demand from Lucknow, but also northern cities. The HNIs and NRIs are showing interest too in the forthcoming luxury segment in the city. There has been a rise of almost 20 percent in the actual number of transactions in the last 6 months.

Shagun city phase 1 is an essentially idyllic development which has come up in house and plots in Lucknow, there have been other developments also from a number of national realty majors, but there is no one else who knows the city the way pss builders does. The developer has been in the Lucknow realty industry from over 03 years of time, it has established itself as a major reality baron. Now when the developer has come up with a large residential township in Lucknow by the name defence inclave, these developments are surely destined to flourish.

Pss Builders has a reputation for delivering the finest in residential realty and this is what makes this destination an ideal place to get the maximum benefit from. The developer has also under construction a number of premium projects out of which a major one is located in the city of Lucknow. The company is being headed by the vibrant and experienced entrepreneur now we are a major name in the Indian realty industry who has been instrumental in changing the face of the Indian realty industry for good.Near GSRM post graduate college

Shagun city is an essentially idyllic development which has come up in property projects in Lucknow, there have been other developments also from a number of national realty majors, but there is no one else who knows the city the way Pss Builders does. The developer has been in the Lucknow realty industry from over 03 years of time, it has established itself as a major reality baron. Now when the developer has come up with a large residential township in Lucknow by the name defence enclave, these developments are surely destined to flourish. Pss Builders has a reputation for delivering the finest in residential realty and this is what makes this destination an ideal place to get the maximum benefit from. The developer has also under construction a number of premium projects out of which a major one is located in the city of Lucknow. The company is being headed by the vibrant and experienced entrepreneur now we are a major name in the Indian realty industry who has been instrumental in changing the face of the Indian realty industry for good.

Shagun city at Agra-Lucknow expressway, property in Lucknow is an ambitious project which is going to deliver finest of luxury developments that include everything from fitness features such as a jogging track, a gym, clubhouse, swimming pool etc. Along with all these the development also holds a number of recreation features and facilities which are provided to the residents here which include a variety of indoor and outdoor sports. The township is located in close proximity to an international standard cricket stadium along with Lucknow a premium recreational space in the city of Lucknow. The amenities and features which are available within the township named Shagun City Lucknow are Billiards room, kids play area, swimming pool, Gym, jogging track, proposed day care center with the bunch of pleasing facilities at shagun city Lucknow, you will enjoy here the auspicious living with your family.